business for sale

Fireplace Retailers & Design Consultants

Businesses for Sale

Sale Memorandum

Fireplace Retailers & Design Consultants


Ref.ET002

Location London , Greenwich

Asking Price £250,000

Confidential offered for sale


Finance available to buy this business subject to status. All regulated business is passed to independent financial advisors who are regulated by the FSA
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Asking price includes:
Extensive range of contemporary and traditional fireplaces
Complete in-house service from design to installation
Superb showroom with room for growth
Large, happy customer database
Prompt professional fitting
Superb London location
Polite well trained staff
Styles to suit everyone
Training and handover
Company website
Corgi registered
Goodwill

Business profile:

Turner Butler are delighted to present to the market this fabulous fireplace retailer with a showroom packed full of new ideas and ultra contemporary designs. This business retails the complete fireplace experience, customers can visit the superb showrooms in this premier London location and see real and gas fires burning in various settings and in attractive surroundings, perfecting the art of class.


The spacious showrooms display a vast variety of traditional, contemporary and modern designs in stone, timber, marble, granite, cast iron and stainless steel which are well complimented by the sleek layout and decor of the showroom, and provide the versatility needed to meet customer’s individual requirements. In addition a wide selection of accessories are also available from stock.

Home visits can be arranged to provide customers with an on-site survey and design, using all the business expertise to find a unique solution to each customer’s fireplace requirements.

There is an immediate opportunity to expand the business from its proven solid formula. The existing business is first and foremost retail but has scope to serve other sectors by developing links with builders and interior designers.

Customer Service:

This business maintains an extensive base of satisfied clientele who appreciate prompt, friendly service, reliability, convenient hours and reasonable, yet competitive prices.
Unlike many competitors the business will not compromise on service to customers, or the quality of products on offer, there is little doubt that this has encouraged and sustained client confidence and loyalty. The business offers high quality customer care from friendly staff, cultivating a warm and welcoming atmosphere.
Key Strengths:

This business is superbly positioned and easily run from its fabulous showroom location, success is due to the quality and professionalism of the service offered by the staff.
Premises:

The leasehold site is situated in a very prominent London location on the Trafalgar Road in Greenwich and benefits from a vast amount of passing trade. The current rent is £25,000 per annum, with five years remaining. The premises lend a unique ambience to the operation with an air of quality, which puts customers immediately at their ease. The elegant showroom displays a vast range of stunning fire designs, which are superbly complimented by their environment. Customers can relax and chat with experienced professionals who aim to suit their needs and budgets to maximum effect.
Growth and Expansion:

The owner recognises that the business is acknowledged for its quality and service. With plenty of room for further growth, more assertive marketing could acquire an even larger slice of the market.

There are many other product areas that could be introduced within the existing showroom i.e. lighting. Increased sales and profit can be achieved with existing staff and resources.

A new owner who is 100% hands on will retain and expand the strong client database. Strategic marketing of the Company’s portfolio of services will provide amazing potential for any enthusiastic new owner, to build this excellent business into an even bigger cash earner.
Financial profile:
The business is being offered for sale on a going concern basis, all financial discussions will take place directly between the vendor and all interested parties under the auspices of Turner Butler.

The current turnover for the year to date is in excess of £142,000 per annum with a gross profit of circa £60,000.

Full financial information is available, subject to the confidentiality letter being returned.
Employees:

The owner is responsible for the day-to-day management of the business, supported by four polite well-trained staff and a Corgi registered gas installer, who take great pride and care in their work.

Business Hours:

Monday-Friday:-9am – 5:30pm
Saturday:-9am – 5:00pm
Reason for Sale:

The owner is planning to move abroad.

Support and Training:

The owner will provide full business familiarisation, training and handover.
Turner Butler Disclosure Statement:

This statement applies to information relating to any company or other undertaking or business advertised for sale by Turner Butler (a 'Business')

The information supplied by Turner Butler on its website or in any other promotional material ('the Information') is not and is not intended to constitute an offer for sale of the Business or any assets of the Business or of the shares of any company which owns the Business.

For the avoidance of doubt there is no intention to create a legal relationship which will only come into existence when a written contract for sale and purchase of the shares in or the Business has been entered into

The Information provided is not intended to address your particular requirements. Further the Information does not constitute any form of advice recommendation representation endorsement or arrangement by Turner Butler and is not intended to be relied upon in making (or refraining from making) any specific decisions.

Any agreements transactions or other arrangements made between you and any client of Turner Butler are at your sole risk and responsibility. The prospective sellers of the Business have provided the Information to Turner Butler. The Information has not been verified by Turner Butler.

You must carry out your own due diligence and satisfy yourself as to the accuracy of all matters. In the case of the sale of shares in a Business the Information has been prepared on the basis that the shares will consist of or include more than 50% of the voting shares and that both the seller and the buyer is either a body corporate, a partnership, a single individual or a group of connected individuals so as to fall outside the scope of regulated activities as defined by the Financial Services and Markets Act 2000. If you are considering a transaction which falls within the scope of such regulated activities you cannot do so through Turner Butler.

Appropriate professional, legal and accountancy advice should be obtained before making or refraining to make any decision.

Turner Butler does not accept any responsibility or liability for loss or damage of any nature that may occur by reliance on the Information. Neither Turner Butler nor any of our employees or agents makes any representation as to the completeness or accuracy of the Information nor do we accept any liability for any losses, costs, liabilities or expenses which may arise directly or indirectly from your use of, or reliance on the Information.

This document is governed by and shall be construed in accordance with English Law and any dispute arising in connection with it shall be subject to the non-exclusive jurisdiction of the English courts

Turner & Co (GB) Limited registered in England and Wales under company no. 2477988 of registered office Savoy House Savoy Circus London W3 7DA, trading as Turner Butler © Shaun Sweeney October 2006

Next steps

If you are interested in finding out more about this business please:

  1. Click here to generate the Confidentiality agreement with your details
  2. Print the confidentiality agreement
  3. Sign the confidentiality agreement and fax each page of the document to 0870 432 3611
  4. We will contact you and put you in touch with the seller of the business.

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